Your Survival Guy

Preparing your investments and family for when disaster strikes.

Compensation was paid to utilize rankings. Click here to read full disclosure.

  • Home
  • Your Survival
    • Special Report: FOOD SHORTAGE: Crazed Hoarding Is Not Preparing
    • Your Survival Guy’s Super States
      • 2023
      • 2022
      • 2021
    • Constitutional Carry
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • October 2023: Storming the Magic Kingdom: Wall Street and the Raiders…
    • September 2023: “I Want to Be a Farmer, a Garbageman, or Tom Brady”
    • August 2023: Time Is Money: Are You Over 40?
    • July 2023: When Should You Take Social Security?
    • June 2023: Your Survival Guy in Rome 30-Years A.B. (After Babson)
    • May 2023: “I’m Having Major Surgery Tomorrow,” He Said
    • April 2023: Will the Black Swan Usher in Digital Dollars?
    • March 2023: How Long Have You Been in the Investment Business?
    • February 2023: 4 Life Changing Words: “You Should Try This”
    • January 2023: Stacking Wood and Compounding Money
    • December 2022: Your Survival Guy Prefers Bombardier’s Global Express 7500
    • November 2022: Arriving in Style at Le Bristol Hotel, Paris
    • October 2022: Sink Your Teeth into These Bond Yields
    • September 2022: Do You Have the 7 Habits of Highly Effective People?
    • August 2022: “Watch This Boat off Our Stern,” My Dad Said “He’s Coming in HOT”
    • July 2022: MONEY TALKS: Your Survival Guy’s Best Service in Paris
    • June 2022: “I’ve Been with Richard Young for Over 30 Years Now”
    • May 2022: Survive “If You Fail to Plan, You Plan to Fail”
    • April 2022: Dream On! Fishing the Double Down in Key West
    • March 2022: Your Survival Guy Hears the Craziest Investing Stories
    • February 2022: Your Survival Guy’s 2022 Super States
    • January 2022: The Least Affordable Housing Market in the U.S.
    • December 2021: Listen Your Survival Guy is not “Mr. Peanut”
    • November 2021: Joe Biden is Weaponizing Your 401(k) Against You
    • October 2021: Time to Get Your Lazy Cash Off the Couch
    • September 2021: What’s Your Survival Guy Investing in Right Now?
    • August 2021: To Where Will You Flee?
    • July 2021: This Bubble’s Popped Baby
    • June 2021: Your Survival Guy’s Summer Job, Inflation & You
    • May 2021: You’re Telling Me Friends Ask You This Question
    • April 2021: Is There One Best Place in America for ‘Liberty Retirees?’
    • March 2021: America’s Growth Corridors
    • February 2021: Troops in D.C. & Your Authoritarian Virtual Panopticon
    • January 2021: Are You Ready for The Great Reset?
    • December 2020: Disaster Prep in Our Newport Bunker and Your Survival
    • November 2020: Election 2020 Edition: Stock Market is Predicting a Trump Win
    • October 2020: You Invest They Win, AGAIN
    • September 2020: Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
    • August 2020: The Clock is Ticking: You Must Protect Your Family
    • July 2020: What Will Her Life Be Like Now?
    • June 2020: Your Survival Guy’s Home (and Money) Protection Plan
    • May 2020: Future Look at Covid-20, or the Next Deadly Virus
    • April 2020: Only Trump Saw the Risk in America’s Relationship with China
    • March 2020: Coronavirus Infects Stock Market
    • February 2020: Escape the City: Live Small, Cheap, and Safe in America
    • January 2020: Is Your Cash Safe? Probably not This Safe
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

FORGETFUL JOE: Biden Can’t Remember Who He’s Fighting For

October 11, 2021 By E.J. Smith - Your Survival Guy

President Joe Biden delivers remarks on the drawdown of U.S. troops from Afghanistan, Thursday, July 8, 2021, in the East Room of the White House. (Official White House Photo by Hannah Foslien)

You know I’m a fan of Joel Kotkin. His work on America’s Growth Corridors is top-notch. His writing on demography is also enlightening.

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Now, Kotkin exposes the hypocrisy that underlies Joe Biden’s career as a politician. Despite advertising himself as “working-class” Joe, Biden is constantly looking out for his corporate backers. Kotkin writes:

Joe Biden may present himself as a ‘working-class hero’, a claim reiterated recently in the leftist American Prospect, but increasingly America’s workers are showing signs not of common cause but disquiet. Hollywood workers just announced a large-scale strike, some of whom blame their hard times on the ‘disruption’ to their industry wrought by tech firms, which are distinctly hostile to unions. There’s also increased tensions at Disneyland, as well as numerous organising efforts targeting Biden’s oligarch allies like Amazon and Starbucks.

One possible cause for the unrest lies with inflationary pressures that have cancelled out any income gains for most people outside the oligarchic elites. The sad economic reality of today – real wages are in decline – contrasts uncomfortably with the far better performance for working people under the pre-pandemic Trump administration.

High inflation – notably for food, rent and housing – cutting against working- and middle-class budgets seems likely to spread more labour unrest across the country. Today only 22 per cent of Americans express optimism about the economy, and confidence in Biden’s economic leadership has fallen to nearly 40 per cent.

This grassroots unease poses a major challenge to a man who some see as the reincarnation of Franklin Roosevelt. Indeed, Biden’s programme, shaped by Senator Bernie Sanders, is far more aggressively socialist than many expected. This is quite a transition for a man once widely castigated on the left as a predictable ‘corporate hack’, particularly subservient to credit-card companies based in his home state. In 2019, the Guardian accused Biden of ‘dressing up his candidacy in a blue-collar costume’ – adding that ‘he’s never taken a political risk for workers’.

Biden clearly lacks FDR’s charm, easy-speaking manner and vision, which were critical to the New Deal’s political legacy. Unlike FDR, who enjoyed huge congressional majorities and widespread public support, Biden faces a divided congress, backing a programme that polls poorly outside his own party. Roosevelt dealt with a global economic catastrophe where deflation and mass unemployment were the key challenges. Biden’s spending programme comes amid a labour shortage and high inflation now rising faster than at any time in 30 years (as also seems to be the case in Europe).

Biden’s programme of massive new spending and tax increases has been criticised not just by conservative economists, but also by veterans of the Clinton and Obama eras. Former Treasury secretary Larry Summers has criticised Biden’s multi-trillion-dollar spending programme as inherently inflationary. This is not the medicine an economy choked by supply issues, rising commodity shortages and low labour participation needs, he argues.

Since 2016 the seeming unity of the Democratic coalition lay in common detestation for Donald Trump, which motivated a wide array of people. Yet as soon as Biden was in power, his coalition began to fracture, as Big Tech companies, Wall Street and well-to-do taxpayers rallied to make sure that progressive reform does not morph into a democratic socialism.

Biden’s dual identities – ally of oligarchy and friend of the working class – are in fundamental conflict. On green, gender and other gentry-liberal issues, the progressive left and the oligarchy are in fundamental agreement. But when it comes to class issues, like taxes and labour organising, the new oligarchs, however sartorially modest they are these days, still think like corporate aristocrats. They are desperate to preserve their quasi-monopolies and unorganised workforce, and often use groups like the Business Roundtable as convenient fronts.

Joe Biden tries to portray himself as one of America’s “forgotten men,” but his actions don’t align with his words. How can he believe that when he shut down pipelines and oil fields, driving up gas prices for America’s workers? How can he believe that when he allows hundreds of thousands of illegal immigrants to cross the border to compete with Americans who need jobs? How can he believe that when his policies are pushing crushing inflation on American families trying to put food on the table for their children?

Action Line: The best way to protect yourself and your family from Biden and his allies is to move to states like Tennessee, Texas, Florida, or Wyoming where you and your money are appreciated. Find a state that’s right for you with my list of Super States, and my map of the Best States for Survival.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • It’s California vs. Florida in the Big State Debate - November 29, 2023
  • Shiffrin Brings It Home with World Cup Win at Killington - November 29, 2023
  • Prepare for Solar Storms in 2024 - November 29, 2023
  • Can the Supreme Court Stop Wealth Taxes Before They Start? - November 28, 2023
  • Families Can’t Save Enough - November 28, 2023

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Recent Posts from YourSurvivalGuy.com

It’s California vs. Florida in the Big State Debate

On Thursday, November 30, Fox News and the station’s primetime personality, Sean Hannity, will host a debate between California Governor Gavin Newsom and Florida Governor Ron DeSantis. Isabella Simonetti explains the debate in The Wall Street Journal, writing: They aren’t running against each other. Still, Ron DeSantis and Gavin Newsom will take their fiery feud to Fox News this […]

Shiffrin Brings It Home with World Cup Win at Killington

You have read about the amazing career of competitive skier, Mikaela Shiffrin. Last time she appeared on YourSurvivalGuy.com, she had notched her 87th World Cup win. It was already safe to put Shiffrin in the GOAT category of athletes near Tom Brady, Michael Jordan, and Michael Phelps. No one has ever dominated skiing the way […]

Prepare for Solar Storms in 2024

The sun experiences solar storms in a roughly eleven-year cycle, and according to scientists, that cycle could peak next year. The peak of this cycle, called the “solar maximum,” has the potential to hit the earth with solar storms that can damage satellites and even electronics on the ground. Jonathan Chadwick reports for the Daily […]

Can the Supreme Court Stop Wealth Taxes Before They Start?

You probably haven’t heard of Moore v. United States, a little-known case working its way through the courts that could have major implications for America’s savers and business owners. The case revolves around the government’s power to tax unrealized gains. These are gains on assets that an owner hasn’t locked in yet, and which could […]

Families Can’t Save Enough

American households are the least prepared they’ve been in a decade to cover an unexpected $2,000 expense. That’s a sign that inflation and slow wage growth have hurt the ability of Americans to save. Bloomberg’s Alexandre Tanzi reports: The ability of US households to cover an unexpected $2,000 expense is at the lowest level in […]

Biden’s Inflation Blame Game

First, it was the “Putin price hike,” now Biden is blaming inflation on corporate greed, an old and tired excuse. CNBC reports: President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate of inflation has slowed and some shipping costs have fallen. “Any corporation that has not brought […]

Are Investors Ready to Pounce?

Investors waiting to pounce? Not buying it. They finally have rates they can sink their teeth into. They’re in no rush to take on more risk. At least, that’s not what they’re telling me. In The Wall Street Journal, Jack Pritcher suggests investors are looking for more risk. He writes: Stocks and bonds have surged […]

Disney Signals Problems with the ESG Agenda

You have read about Disney’s war against Florida Gov. Ron DeSantis and parental rights. Now, it appears that Disney is realizing the error of getting involved in America’s culture wars in order to boost its ESG rankings. Johnathan Turley writes in The Hill: In recent filings, Disney appears to acknowledge that Smith’s invisible hand is […]

Biden Gave Americans 10 Years of Inflation in Only 3

Americans have endured a decade’s worth of inflation during the three years Joe Biden has lived in the White House. Bloomberg’s Reade Pickert and Jennah Haque report on the cost-of-living squeeze Americans are suffering through today, writing: After years of inflation, US consumers are shouldering a burden unlike anything seen in decades — even as […]

Happy Black Friday

You know how Your Survival Guy feels about money: save a third, spend a third, pay taxes with a third. Well, today, let’s focus again on the spending. One of the best ways to keep you motivated and in the game is to take some trips every now and then. Life Comes at You Fast. […]

Which Jimmy Buffett Album Is Your Favorite?

This year, America lost one of its best-loved musicians, Jimmy Buffett. Over his career, Buffett released 32 albums, and Al Shipley at SPIN Magazine has ranked them, writing: Shortly before his death in September at the age of 76, Buffett finished his 32nd studio album Equal Strain on All Parts, backed by his longtime Coral Reefer […]

More Americans than Ever Own Guns

You have probably heard the phrase “voting with your wallet.” When it comes to the Second Amendment, that’s exactly what Americans are doing. More Americans own guns than at any time since polls began back in 1999. Today, 52% of Americans report owning a gun or living in a household that owns a gun. Alexandra […]

Happy Thanksgiving!

When the pilgrims of the Mayflower landed, many of the men signed the Mayflower Compact, which read: In the name of God, Amen. We whose names are underwritten, the loyal subjects of our dread Sovereign Lord King James, by the Grace of God of Great Britain, France, and Ireland King, Defender of the Faith, etc. […]

Preparing You and a Loved One for Thanksgiving

Your Survival Guy’s here to help you prepare for Thanksgiving dinner. Not with the turkey, stuffing, or desserts but with the conversation. We all know the third rails of holiday conversation: religion, politics, and money. And not in any particular order. I think politics and religion have worn everyone out and are only brought up […]

The Next Ronald Read? Save Til It Hurts

You read the story of Ronald Read in Richard C. Young’s Intelligence Report. The Brattleboro, VT gas station attendant amassed an $8 million portfolio of investments by the time of his death in 2015 at age 92. While Read was stacking stock certificates on the west bank of the Connecticut River, just across the Brattleboro […]

And One Bonus Mistake
Money 101

Trending

  • Investing Habits of the Fairly Wealthy: #3 “Promiseland”
  • Happy Black Friday
  • Retirement Income: We All Want It, We All...
  • RAGE Gauge December: Something Is Amiss
  • “Inflation Is Killing Me,” He Said, “No It’s…”
  • The Next Ronald Read? Save Til It Hurts
  • Inflation? Stocks? Breathe In, Breathe Out, Move On
  • “Survival Guy Prepare Yourself and Your Clients Accordingly”
  • Another Word about Your Survival Guy’s Money: Spending
  • A Geographic Shift in America's Economy

Must Reads

  • When Markets Fall, All Is Not Lost
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • For Whom Is Your Portfolio Serving?
  • Invest with Peace of Mind and Comfort
  • Slow and Steady Wins the Race: Most People Can’t Handle Making Money This Way
  • GET PAID: How To Invest in Biden’s Inflationary Market
  • If You’re Overexposed to Stocks, Then Look Here
  • Your Best State on Guns, Plus the 8th Wonder of the World
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • Americans Fleeing High Tax States for Growth Corridors

Recent Posts

  • It’s California vs. Florida in the Big State Debate
  • Shiffrin Brings It Home with World Cup Win at Killington
  • Prepare for Solar Storms in 2024
  • Can the Supreme Court Stop Wealth Taxes Before They Start?
  • Families Can’t Save Enough
  • Biden’s Inflation Blame Game
  • Are Investors Ready to Pounce?
  • Disney Signals Problems with the ESG Agenda
  • Biden Gave Americans 10 Years of Inflation in Only 3
  • Happy Black Friday
Only if You’re Serious
Only if You’re Serious
Only if You’re Serious
Crazed Hoarding Is not Preparing
How to Save Rainwater Effectively
Your Survival Guy in Paris
Key West Insider Guide
Taking Action Is Hard
Your Survival Guy's Fishing Stories
Financial Independence, Retire Early
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
How Can You Save Money for Your Grandchild
Great Reset
See Who's Missing the Boat
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2023 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.